“150 Second Street exemplifies Skanska’s commitment to creating space that enhances local communities – this lab and office building provides the space critical for companies to make the kind of scientific discoveries that have established Boston as a sought-after, world-renowned biotech center,” executive vice president of Skanska in Boston Shawn Hurley said in a statement. “Skanska is pursuing additional opportunities in the Boston area that will bring value to Boston’s residents and businesses, while also creating healthy, efficient space for companies and tenants.”

The building is a LEED Platinum lab space with an open floor plan. To reduce water waste, the project includes an underground rainwater storage and filtration system that captures and treats stormwater runoff from 90 percent of the annual rainfall and removes at least 95 percent of total suspended solids, designed by Copley Wolff Design Group. The project also includes a landscaped rain garden with native vegetation that will not require irrigation. In total, these measures will reduce water consumption of the building by approximately 250,000 gallons per year.

In addition to 150 Second Street, Skanska Commercial Development’s projects in Greater Boston include three projects in Boston’s Innovation District. Those three projects include: 101 Seaport, a $126 million, 17-story, 440,000 square-foot office tower with 20,000 square feet of ground floor retail; Parcel L2, where Skanska plans to develop a 430,000-square-foot office tower; and Watermark Seaport, a planned residential tower with more than 300 apartments and 25,000 square feet of retail space on which Skanska is working in collaboration with Twining Properties. In addition, Skanska acquired 1350 Boylston Street in Boston’s Fenway neighborhood in 2012.